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rdean
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Romney Persona Non Grata in Italy for Bain
Mitt Romney and Bain played the role of successful financial speculators at the peril of the Italian government and the small stock-market investors who were burned by the sharp decline in Seat (PG) shares, said Giovanni Pons, a journalist for la Repubblica and co-author of LAffare Telecom (2002), which recounts details of the Bain deal.
The use of offshore subsidiaries to avoid taxes has been standard practice for private equity firms such as Bain, as well as other big U.S. companies such as Google Inc. (GOOG), Facebook Inc. and Cisco Systems Inc.
The government got ripped off, said Alessandro Fogliati, who led a Stet shareholder group that voted against the sale of Seat. It was the beginning of the destruction of Italian industry.
New charge that Romneys Bain Capital avoided Italian taxes emerges
Bernardo Bortolotti, an economics professor at Turin University said the sale of the governments directory business is a dark chapter in the countrys privatization history, one that has hurt Italians deeply. He said It was a mistake from the start, damaged by a lack of transparency and the use of offshore funds.
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Republicans say that as long as it's legal then it's "fine and dandy". The problem is that when you vote Republicans into office, they make EVERYTHING legal when it comes to business. But when it comes to people, like women's rights, then they make that illegal.
Romney, once he gets his hands on defense contracts, he and his friends will make out better than Republicans did under Bush and Cheney. They will squeeze this country dry with Republicans cheering every step of the way. "We have no smart people" "YEA!"
Mitt Romney and Bain played the role of successful financial speculators at the peril of the Italian government and the small stock-market investors who were burned by the sharp decline in Seat (PG) shares, said Giovanni Pons, a journalist for la Repubblica and co-author of LAffare Telecom (2002), which recounts details of the Bain deal.
The use of offshore subsidiaries to avoid taxes has been standard practice for private equity firms such as Bain, as well as other big U.S. companies such as Google Inc. (GOOG), Facebook Inc. and Cisco Systems Inc.
The government got ripped off, said Alessandro Fogliati, who led a Stet shareholder group that voted against the sale of Seat. It was the beginning of the destruction of Italian industry.
New charge that Romneys Bain Capital avoided Italian taxes emerges
Bernardo Bortolotti, an economics professor at Turin University said the sale of the governments directory business is a dark chapter in the countrys privatization history, one that has hurt Italians deeply. He said It was a mistake from the start, damaged by a lack of transparency and the use of offshore funds.
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Republicans say that as long as it's legal then it's "fine and dandy". The problem is that when you vote Republicans into office, they make EVERYTHING legal when it comes to business. But when it comes to people, like women's rights, then they make that illegal.
Romney, once he gets his hands on defense contracts, he and his friends will make out better than Republicans did under Bush and Cheney. They will squeeze this country dry with Republicans cheering every step of the way. "We have no smart people" "YEA!"
